The fund seeks capital appreciation in the long term by investing in companies across any size in the United States.

The investment process starts with a list of companies in the benchmark index and focuses on companies that have prospects for rapid earnings growth.

Next, the research team utilizes fundamental research to identify stocks that are expected to outperform the market over a three- to five-year time horizon.

The team also emphasizes companies that are available at attractive prices relative to their fundamental values based on past track record and estimated growth outlook.

Then the investment team constructs a portfolio of companies that have the potential to grow in time.

The team focuses in certain market sectors, including information technology and health care with a long-term perspective.

The fund has the flexibility to invest across market capitalizations, but may emphasize mid-cap stocks.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process is designed to highlight companies that provide telephone, data transmission, cellular, or wireless communication services, and facilitate communication and offer related content and information through various media.

The process focuses on securities within the communication services sector.

Then the research team employs an indexing investment approach to track the performance of the MSCI US Investable Market Index (IMI)/Communication Services 25/50 Index.

Next, the team follows the Global Industry Classification Standard communication services sector classification which includes companies that facilitate communication and offer related content and information through various mediums.

It includes telecommunication companies and media and entertainment companies, including producers of interactive gaming products and companies engaged in content and information creation or distribution through proprietary platforms.

Then the manager constructs a portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The process employs an indexing investment approach to track the performance of the MSCI US Investable Market Index (IMI)/Consumer Discretionary 25/50 Index.

Then the research team focuses on the consumer discretionary sector, which includes stocks of companies that manufacture products and provide services that consumers consider nonessential, such as retailers, restaurants, and internet and direct marketing retail companies.

The team follows the GICS consumer discretionary sector classification which includes companies that tend to be the most sensitive to economic cycles.

The manufacturing segment includes automotive, household durable goods, textiles and apparel, and leisure equipment. The services segment includes hotels, restaurants and other leisure facilities, media production and services, and consumer retailing and services.

Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The process employs an indexing investment approach to track the performance of the MSCI US Investable Market Index (IMI)/Consumer Staples 25/50 Index.

Then the research team focuses on the consumer staples sector, which includes stocks of companies that provide direct-to-consumer products.

The team follows the GICS consumer staples sector classification which includes companies that tend to be less sensitive to economic cycles.

The businesses include manufacturers and distributors of food, beverages, and tobacco, as well as producers of nondurable household goods and personal products. It also includes food and drug retailing companies as well as hypermarkets and consumer supercenters.

Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on stocks issued by companies located in Canada and the major markets of Europe and the Pacific region.

The team employs an indexing investment approach to track the performance of the FTSE Developed All Cap ex US Index.

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.
 

The fund seeks capital appreciation in the long term and dividend income by investing in companies across any size in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The strategy of the fund is to invest in six underlying Vanguard stock funds, wherein each underlying fund is actively managed and has a distinct investment approach.

The manager has the flexibility to cover the style and capitalization spectrum by investing in growth- and value- oriented companies, as well as companies spread across different market capitalizations.

Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to track total return performance of the benchmark index before fees and expenses by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team utilizes an indexing investment approach to track the performance of the Nasdaq US Dividend Achievers Select Index.

The research team invests in common stocks of companies that have a track record of increasing dividends over time.

Additionally, the team focuses on high-quality companies that have both the ability and the commitment to grow their dividends over time.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.
 

The fund seeks primarily income growth and secondarily capital appreciation in the long term and current income by investing in mega-and large-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in stocks that tend to offer current dividends.

The team focuses on companies that are estimated to trade below their fair values exhibiting the potential for increasing dividends.

Additionally, the team focuses on high-quality companies that have both the ability and the commitment to grow their dividends over time.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to be diversified across industry sectors, with an emphasis on dividend-focused companies across all industries.
 

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of four advisors namely Wellington Management Company LLP, Oaktree Capital Management, L.P., Baillie Gifford Overseas Ltd., and Pzena Investment Management, LLC.

Each advisor independently selects and maintains a portfolio of securities for the fund.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on securities of companies located in emerging markets.

A company is considered to be located in an emerging market if it is organized under the laws of, or has a principal office in, an emerging country; has a class of securities whose principal securities market is in an emerging country.

Also, the team considers a company to be located in an emerging market if it derives 50% or more of its total revenue from goods produced, sales made, or services provided in one or more emerging countries, or maintains 50% or more of its assets in one or more emerging countries.

The team invests in emerging market countries, including Brazil, Russia, India, and China.

The fund looks to diversify its assets among companies located in emerging markets around the world.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in stocks of companies located in emerging markets around the world, such as Brazil, Russia, India, Taiwan, and China.

The team employs an indexing investment approach to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index.

The Index includes approximately 4,125 stocks of companies located in emerging markets around the world.

The fund invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key characteristics.

These key characteristics include industry weightings and market capitalization, as well as valuation multiples such as earnings and dividend yield.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks capital appreciation in the long term by investing in companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in U.S. and non-U.S. companies that are principally engaged in activities in the energy industry, such as the exploration, production, and transmission of energy or energy fuels; the making and servicing of component products for such activities; energy research; and energy conservation or pollution control.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may invest in foreign stocks as part of its principal investment strategy.

In addition, the fund may be invested up to 100% in foreign securities.
 

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The process focuses on companies that are involved in the exploration and production of energy products such as oil, and natural gas.

Then the research team employs an indexing investment approach to track the performance of the MSCI US Investable Market Index (IMI)/Energy 25/50 Index.

Next, the research team focuses on companies that are engaged in the energy sector.

The team follows the Global Industry Classification Standard energy sector classification which includes companies engaged in exploration and production, refining and marketing, and storage and transportation of oil and gas and coal and consumable fuels.

The GICS energy sector classification also includes companies that offer oil and gas equipment and services.

Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.
 

The fund seeks an above-average level of current income and reasonable capital appreciation in the long term by investing in mid-and large-size companies in the United States.

The investment process is designed to focus on companies in the benchmark index that pay above-average levels of dividend income to investors.

The research team highlights companies that are believed to be undervalued and trading at a discount to their estimated intrinsic value.

In addition, the team generally looks for companies that are dedicated to consistently paying dividends.

The fund uses multiple investment advisors where each advisor independently selects and maintains a portfolio of common stocks for the fund.

Then the manager constructs a concentrated portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on stocks issued by companies located in the major markets of Europe.

The team employs an indexing investment approach to invest in all, or substantially all, of the fund’s net assets in the stocks included in the FTSE Developed Europe All Cap Index.

The Index comprises of companies located in the United Kingdom, France, Switzerland, and Germany. Other countries represented in the Index include Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Spain, and Sweden.

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The portfolio holds more than 1,200 stocks across the European region.
 

The fund seeks capital appreciation in the long term by investing in small-and mid-size companies in the United States.

The fund manages assets with the help of four managers namely ArrowMark Colorado Holdings, LLC, ClearBridge Investments, LLC, Stephens Investment Management Group, LLC, and Wellington Management Company LLP.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

Each manager independently selects and maintains a portfolio of common stocks for the fund.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in companies that tend to have superior growth potential.

Also, these companies often provide little or no dividend income.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks capital appreciation in the long term by investing in small-and mid-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in companies that are estimated to trade below their fair values.

The team also focuses on companies that are lagging in market price and are trading at a discount to their estimated intrinsic value relative to measures such as cash flow and book value.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund utilizes multiple investment advisors where each advisor independently selects and maintains a portfolio of common stocks for the fund.
 

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in small-and mid-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key characteristics.

These key characteristics include industry weightings and market capitalization, as well as valuation multiples such as earnings and dividend yield.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund invests in about 3,000 stocks, which span many different industries.
 

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process employs an indexing investment approach to track the performance of the MSCI US Investable Market Index (IMI)/Financials 25/50.

Then the research team focuses on banks, insurance companies, and other firms that provide financial services.

The team follows the GICS financials sector classification which includes companies involved in banking, thrifts and mortgage finance, consumer and specialized finance, asset management and custody banks, investment banking and brokerage, and insurance.

The GICS financials sector classification also includes Financial Exchanges and Data and Mortgage REITS.

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on stocks issued by companies located in developed and emerging markets around the world.

The team employs an indexing investment approach to track the performance of the FTSE All-World ex US Index.

The Index includes 3,395 stocks of companies located in 50 markets, including both developed and emerging markets.

Additionally, the team focuses on companies located in developed markets such as Europe, the Pacific, and Canada.

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in small-size companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on stocks of companies located in developed markets, including Europe, the Pacific, and Canada, and in emerging markets.

The team seeks to track the investment performance of the FTSE Global Small Cap ex US Index.

The Index includes approximately 3,300 stocks of companies located in more than 46 countries, including both developed and emerging markets.

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to track the total return performance of a benchmark index by investing in mid-and large-size companies in the United States.

The passively managed fund relies on screens for select environmental, social, and corporate governance criteria.

The team specifically excludes stocks of companies in the adult entertainment, alcohol, tobacco, weapons, fossil fuels, gambling, and nuclear power industries.

The fund will not invest in companies that do not meet standards of U.N. global compact principles and certain diversity criteria.

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in U.S. and foreign equity securities.

The team seeks to generate above average compounded returns by selecting securities in companies and industries where capital spending is declining.

Also, the team seeks to avoid companies, assets, and business models that can be easily replicated.

In addition, the team focuses on companies with scarce, high-quality infrastructure assets, typically in utilities and telecommunications that are viewed as irreplaceable and therefore have enduring value.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund typically invests across a range of sectors, and a mix of developed and emerging markets stocks.

The fund holds 25% or more of its net assets in securities of issuers whose principal business activities are in the precious metals and mining industry.

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund relies on two investment advisors that follow distinct investment approaches. Each advisor independently selects and maintains a portfolio of common stocks and other investments for the fund.

The two advisors are namely Marathon Asset Management LLP and Baillie Gifford Overseas Ltd.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in U.S. and foreign equity securities.

The research process is driven by fundamental analysis of one stock at a time.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The portfolio is a mix of value and growth stocks, as well as developed and emerging markets stocks.

Also, the portfolio holds up to 500-plus stocks from more than 30 countries.

In addition, the fund invests across a wide range of industries.

The fund invests in companies of various sizes from all over the globe, with the United States representing about 50% of its net assets.
 

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on international real estate stocks including real estate investment trusts, companies that own office buildings, hotels, and other real estate.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.
 

The fund seeks capital appreciation in the long term by investing in companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in U.S. and foreign stocks that are estimated to generate lower volatility relative to the global equity market.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The portfolio is diversified across companies located in many different countries and representing many different market sectors and industry groups.

The fund will seek to hedge most of its currency exposure back to the U.S. dollar to reduce overall portfolio volatility.
 

The fund seeks primarily capital appreciation and secondarily dividend income by investing in large-size companies in the United States.

The fund employs multiple investment advisors and each advisor independently selects and maintains a portfolio of stocks for the fund.

The advisors are D. E. Shaw Investment Management, L.L.C, Los Angeles Capital Management and Equity Research, Inc., and The Vanguard Group, Inc.

The investment process relies on quantitative techniques to select a broadly diversified group of stocks that have investment characteristics similar to those of the benchmark index. The process is designed to outperform the benchmark index.

The fund has the flexibility to invest at least 65% and typically more than 90% of its net assets in stocks that are included in the Index.

The fund seeks to replicate total return performance of the benchmark index by investing in large-size companies in the United States.

The buy-and-hold process is designed to highlight companies that display accelerated growth potential.

The fund invests primarily in the stocks comprising the index so that the weighting of each stock in the portfolio approximates the index.

The fund seeks capital appreciation in the long term by investing in companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in stocks of companies principally engaged in the development, production, or distribution of products and services related to the health care industry.

These companies include, among others, pharmaceutical firms, medical supply companies, and businesses that operate hospitals and other health care facilities.

The team may also consider companies engaged in medical, diagnostic, biochemical, and other research and development activities.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 50% of its assets in foreign stocks.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The process employs an indexing investment approach to track the performance of the MSCI US Investable Market Index (IMI)/Health Care 25/50 Index.

Next, the research team focuses on companies that are engaged in the health care sector, which includes companies involved in providing medical or health care products, services, technology, or equipment.

The team follows the GICS health care sector classification which includes health care provider and services companies, companies that manufacture and distribute health care equipment and supplies, and health care technology companies.

The GICS health care sector classification also includes companies involved in the research, development, production, and marketing of pharmaceuticals and biotechnology products.

Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The process focuses on companies that convert unfinished goods into finished durables used to manufacture other goods or provide services.

Then the research team employs an indexing investment approach to track the performance of the MSCI US Investable Market Index (IMI)/Industrials 25/50 Index.

Next, the research team focuses on companies that are engaged in the industrials sector.

The team follows the GICS industrials sector classification which includes companies that manufacture and distribute capital goods such as aerospace and defense, building products, electrical equipment and machinery and companies that offer construction and engineering services.

The GICS industrials sector classification also includes companies that provide commercial and professional services including printing, environmental and facilities services, office services and supplies, security and alarm services, human resource and employment services, and research and consulting services. It also includes companies that provide transportation services.

Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process is designed to highlight companies that invest in securities within the information technology sector.

Then the research team employs an indexing investment approach to track the performance of the MSCI US Investable Market Index (IMI)/Information Technology 25/50 Index.

Next, the team follows the Global Industry Classification Standard information technology sector classification which includes companies that offer software and information technology services as well as manufacturers and distributors of technology hardware and equipment such as communications equipment, cellular phones, computers and peripherals, electronic equipment and related instruments, and semiconductors.

Then the manager constructs a portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process employs an indexing investment approach to track the performance of the CRSP US Total Market Index.

The fund invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key characteristics.

These key characteristics include industry weightings and market capitalization, as well as valuation multiples such as earnings and dividend yield.

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The manager has the flexibility to invest across different capitalization levels and invest in both value- and growth-oriented companies.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Then the research team employs an indexing investment approach to track the performance of the Nasdaq International Dividend Achievers Select Index.

The Index focuses on high-quality companies located in developed and emerging markets that have the track record of growing their dividends over time.

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund seeks capital appreciation in the long term by investing in small-size companies outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of four advisors namely Wellington Management Company LLP, Schroder Investment Management North America Inc., Baillie Gifford Overseas Limited, and TimesSquare Capital Management, LLC.

Each advisor independently selects and maintains a portfolio of stocks for the fund.

Wellington seeks to identify both growth-oriented and neglected or misunderstood companies that have a well-articulated business model, experienced management, a sustainable competitive advantage, and superior financial characteristics.

Schroder focuses on a company’s long-term growth potential, financial condition, management quality, and sensitivity to cyclical factors, as well as the value of the company’s securities relative to other companies and the market.

Baillie Gifford prefers high-quality growth companies with durable competitive advantages.

TimesSquare Capital aims to generate superior risk-adjusted returns.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on companies that are estimated to grow at a faster pace than the overall market.

The team prefers companies that demonstrate above-average earnings growth potential, with attractive valuations and a durable competitive advantage.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager invests in more than 350 stocks in over 20 countries.

Also, the fund invests in the developed European and Pacific markets, with about 10% of assets invested in emerging markets. 

Additionally, the fund manages a small portion of its net assets in stock index futures and/or exchange-traded funds to facilitate cash flows to and from the fund’s advisors.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Then the research team employs an indexing investment approach to track the performance of the FTSE All-World ex US High Dividend Yield Index.

The Index focuses on companies located in developed and emerging markets estimated to have above-average dividend yields.

The fund invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key characteristics.

These key characteristics include industry weightings and market capitalization, as well as valuation multiples such as earnings and dividend yield.

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.
 

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of three advisors namely Lazard Asset Management LLC, ARGA Investment Management, LP, and Sprucegrove Investment Management Ltd.

Each advisor follows a distinct investment approach and independently selects and maintains a portfolio of securities of foreign companies for the fund.

Lazard prefers stocks that offer an appropriate trade-off between low relative valuation and high financial productivity.

ARGA Investment invests in companies that are estimated to trade below their fair values based on long-term earnings power and dividend-paying capability.

Sprucegrove seeks to purchase high-quality companies at significant discounts to their long-term value and typically hold them for a period of ten years.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on companies that are trading at discounts to their estimated intrinsic value relative to valuation multiples such as earnings and book value.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager looks to diversify the fund’s net assets in countries across developed and emerging markets.

In addition, the fund may invest its cash flows in equity index futures and/or exchange-traded funds to manage liquidity needs while ensuring that the fund remains fully invested.

The fund seeks to track the total return performance of a benchmark index by investing in large-size companies in the United States.

The investment process employs an indexing investment approach designed to track the performance of the CRSP US Large Cap Index.

The process focuses on companies in the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund provides broad, low-cost exposure to the large-capitalization market by investing in the U.S. stocks that represent the top 85% of market capitalization.

The fund seeks capital appreciation in the long term by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team employs a market neutral strategy to construct a portfolio that is neutral with respect to general stock market risk.

The team focuses on companies that offer an appropriate balance between superior growth prospects and reasonable valuations relative to their industry peers. However, the team sells short securities that are estimated to be overvalued or have weak growth prospects, in amounts that it believes will achieve market neutrality.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The process focuses on companies that process raw materials.

Then the research team employs an indexing investment approach to track the performance of the MSCI US Investable Market Index (IMI)/Materials 25/50 Index.

Next, the research team focuses on companies that are engaged in the materials sector.

The team follows the Global Industry Classification Standard materials sector classification which includes companies that manufacture chemicals, construction materials, glass, paper, forest products, and related packaging products, as well as metals, minerals, and mining companies, including producers of steel.

Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.
 

The fund seeks to replicate total return performance of the benchmark index by investing in mega-and large-size companies in the United States.

The process is designed to highlight companies that display growth potential.

The fund invests primarily in the stocks comprising the index so that the weighting of each stock in the portfolio approximates the index.

The fund seeks to track the total return performance of a benchmark index by investing in mega-and large-size companies in the United States.

The investment process relies on an indexing investment approach to track the performance of the CRSP US Mega Cap Index.

The process focuses on companies in the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund employs a passively managed, full-replication approach to get diversified exposure to the largest U.S. stocks representing approximately the top 70% of market capitalization.

The fund seeks to track the total return performance of a benchmark index by investing in mega-and large-size companies in the United States.

The investment process employs an indexing investment approach to track the performance of the CRSP US Mega Cap Value Index.

The process relies on a passive investing style to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund seeks capital appreciation in the long term by investing in mid-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in companies that demonstrate superior earnings and revenue growth prospects.

In selecting securities for the portfolio, the research team focuses on companies that it believes have the best prospects for future growth.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund utilizes multiple investment advisors where each advisor independently selects and maintains a portfolio of common stocks for the fund.

The fund seeks to track total return performance of the benchmark index before fees and expenses by investing in mid-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team utilizes an indexing investment approach to track the performance of the CRSP US Mid Cap Growth Index.

The team focuses on companies which tend to grow more quickly than their peers.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.
 

The fund seeks to replicate total return performance of the benchmark index by investing in mid-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team uses quantitative techniques and fundamental analysis to identify investment opportunities.

The fund may invest up to 5% of its total assets in foreign securities and the fund attempts to remain fully invested in stocks

The fund seeks to track total return performance of the benchmark index before fees and expenses by investing in mid-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team utilizes an indexing investment approach to track the performance of the CRSP US Mid Cap Value Index.

In selecting securities for the portfolio, the research team focuses on companies that are trading at a discount to their estimated intrinsic value for temporary reasons.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on companies located in developed countries of the Pacific region.

The team employs an indexing investment approach to invest in all, or substantially all, of the fund’s net assets in the stocks included in the FTSE Developed Asia Pacific All Cap Index.

The Index is made up of approximately 2,373 stocks across all market capitalization companies located in Japan, Korea, Australia, Hong Kong, Singapore, and New Zealand.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager invests in about 2,150 stocks of companies located in the major markets of the Pacific region.

The fund seeks capital appreciation in the long term by investing in companies across any size in the United States.

The advisor’s investment process is designed to identify companies whose future earnings growth potential is not reflected in their current market prices.

The process is driven by a long-term perspective and factors such as very low turnover.

The advisor focuses on stocks that offer a good balance between reasonable valuations and attractive growth prospects relative to their peers.

The fund has the flexibility to invest in stocks with both value and growth characteristics, and across all industry sectors.

The fund seeks capital appreciation in the long term by investing in mid-and large-size companies in the United States.

The advisor’s investment process is designed to highlight companies exhibiting above-average earnings growth potential that are not fully reflected in current market prices.

The fund prefers a multi-manager investing approach in which multiple portfolio managers independently manage a portion of the fund.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies in the United States.

The investment process is designed to highlight companies that invest in securities of real estate investment trusts.

Next, the research team focuses on companies that purchase office buildings, hotels, and other real estate property.

Then the manager constructs a portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.
 

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies in the United States.

The investment process is designed to highlight companies that invest in securities of real estate investment trusts.

Next, the research team focuses on companies that purchase office buildings, hotels, and other real estate property.

Then the manager constructs a portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate total return performance of the benchmark index by investing in large-size companies in the United States.

The process uses a passive investing style to replicate the composition of the benchmark index.

The fund invests primarily in the stocks comprising the index so that the weighting of each stock in the portfolio approximates the index.

The fund seeks to track the total return performance of a benchmark index by investing in large-size companies in the United States.

The investment process relies on a passive investing style to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in small-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team utilizes an indexing investment approach to track the performance of the Russell 2000 Growth Index.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
 

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in small-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The process seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
 

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in small-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team utilizes an indexing investment approach to track the performance of the Russell 2000 Value Index.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process employs an indexing investment approach to track the performance of the Russell 3000 Index.

The process relies on a passive investing style to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The manager has the flexibility to invest across different capitalization levels and invest in both value- and growth-oriented companies.

The fund remains fully invested by investing all, or substantially all, of its assets in the stocks that make up the Index.

The fund seeks to replicate total return performance of the benchmark index by investing in large-size companies in the United States.

The process uses a passive investing style to replicate the composition of the benchmark index.

The fund invests primarily in the stocks comprising the index so that the weighting of each stock in the portfolio approximates the index.

The fund seeks to track the total return performance of a benchmark index by investing in mega-and large-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team uses quantitative techniques and fundamental analysis to identify investable opportunities.

The investment team employs an indexing investment approach to track the performance of the benchmark index.

The process relies on a passive investing style to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund seeks to track total return performance of the benchmark index before fees and expenses by investing in mid-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team utilizes an indexing investment approach to track the performance of the S&P MidCap 400 Growth Index.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.
 

The fund seeks to replicate total return performance of the benchmark index by investing in mid-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team uses quantitative techniques and fundamental analysis to identify investment opportunities.

The fund employs an indexing investment approach and holds each stock in approximately the same proportion as its weighting in the index.

The fund seeks to track total return performance of the benchmark index before fees and expenses by investing in mid-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team utilizes an indexing investment approach to track the performance of the S&P MidCap 400 Value Index.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in small-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team utilizes an indexing investment approach to track the performance of the S&P SmallCap 600 Index.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in small-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team utilizes an indexing investment approach to track the performance of the S&P SmallCap 600 Value Index.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
 

The fund seeks capital appreciation in the long term and income by investing in mid-size companies in the United States.

The fund manages assets with the help of three advisors namely Donald Smith & Co., Inc., Pzena Investment Management, LLC, and Cooke & Bieler.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk. Each manager independently selects and maintains a portfolio of stocks for the fund.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Then the research team focuses on companies that are lagging in market price and are trading at a discount to their estimated intrinsic value relative to factors such as earnings and book value.

The team believes these stocks exhibit above-average dividend yields.

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund is typically concentrated in a small number of stocks.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in small-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team utilizes an indexing investment approach to track the performance of the CRSP US Small Cap Growth Index.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
 

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in small-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team utilizes an indexing investment approach to track the performance of the CRSP US Small Cap Index.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
 

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in small-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team utilizes an indexing investment approach to track the performance of the CRSP US Small Cap Value Index.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
 

The fund seeks capital appreciation in the long term by investing in small- and mid-size companies in the United States.

The investment process starts with a list of companies that demonstrate above-average growth potential.

The research team is using quantitative techniques to identify stocks that exhibit strong growth prospects and reasonable valuations.

The team uses a model-driven stock selection process to build a portfolio of stocks that are expected to offer better returns to the benchmark index. 

The fund seeks capital appreciation in the long term by investing in small-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on companies that exhibit above-average return potential.

In addition, the team evaluates the relative return potential of the securities.

The team selects securities that offer an appropriate balance between superior growth prospects and reasonable valuations relative to their industry peers.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
 

The fund seeks tax-efficient total return in the long term by investing in mid-and large-size companies in the United States.

The investment process relies on an index-oriented approach that attempts to track the benchmark index.

The process seeks to minimize taxable gains and dividend income by purchasing index securities that pay lower dividends.

Then the research team focuses on companies in the benchmark index that pay lower dividends.

The team utilizes statistical methods to sample the index, aiming to minimize taxable dividends while approximating the other characteristics of the index.

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The portfolio will loosely track the total return performance of the index, but with lower taxable income distributions.

The fund seeks a tax-efficient investment return consisting of capital appreciation in the long term by investing in small-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team purchases stocks in approximately the same proportions as in the Index.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
 

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on companies located in developed and emerging markets, excluding the United States.

The team employs an indexing investment approach to track the performance of the FTSE Global All Cap ex US Index.

The Index includes approximately 7,284 stocks of companies located in 48 markets. 

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund invests all, or substantially all, of its assets in the securities included in its target index.
 

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process employs an indexing investment approach to track the performance of the CRSP US Total Market Index.

The fund invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key characteristics.

These key characteristics include industry weightings and market capitalization, as well as valuation multiples such as earnings and dividend yield.

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The manager has the flexibility to invest across different capitalization levels and invest in both value- and growth-oriented companies.

The fund seeks capital appreciation in the long term by investing in large-size companies in the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk and the fund is currently managed by five advisors.

The advisors are Wellington Management Company LLP, Baillie Gifford Overseas Ltd., Jennison Associates LLC, Jackson Square Partners, LLC, and The Vanguard Group, Inc. Each advisor independently selects and maintains a portfolio of common stocks for the fund.

The advisors’ investment process is designed to highlight well-established companies displaying above-average earnings growth potential at reasonable valuations.

The team also looks for businesses that are market leaders in their respective industries. The fund’s investment advisors believe these companies have the ability to deliver positive earnings growth and superior returns over the long term.

The fund seeks capital appreciation in the long term by investing in companies across any size in the United States.

The quantitative investment process is designed to highlight companies in the benchmark index that demonstrate the potential to generate higher returns.

Then the research team utilizes a proprietary screening model that ranks stocks on factors such as momentum, quality, and value.

The team prefers stocks that exhibit relatively superior recent performance and fundamentals, and low prices relative to fundamentals.

Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The portfolio holds a diverse mix of companies representing many different market sectors and industry groups.

The portfolio seeks to achieve exposure to multiple factors and to mitigate exposure to certain less liquid and more volatile stocks.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process is designed to highlight companies that distribute electricity, water, or gas, or that operate as independent power producers.

The process focuses on securities within the utilities sector.

Then the research team employs an indexing investment approach to track the performance of the MSCI US Investable Market Index (IMI)/Utilities 25/50 Index.

Next, the team follows the Global Industry Classification Standard utilities sector classification which includes electric, gas, and water utility companies.

It also includes independent power producers and energy traders and companies that engage in generation and distribution of electricity using renewable sources.

Then the manager constructs a portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.
 

The fund seeks to track the total return performance of a benchmark index by investing in mega-and large-size companies in the United States.

The investment process employs an indexing investment approach to track the performance of the CRSP US Large Cap Value Index.

The process seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

Then the research team focuses on companies that appear to be undervalued for temporary reasons and out of favor by investors. The team believes these companies tend to grow at a slower pace than the broad market.

The investment team utilizes a buy-and-hold approach and invests in substantially all of the stocks contained within its broad benchmark.

The fund seeks capital appreciation in the long term and income by investing in mid-and large-size companies in the United States.

The fund manages assets with the help of two advisors namely Wellington Management Company LLP, and Pzena Investment Management, LLC.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk. Each manager independently selects and maintains a portfolio of stocks for the fund.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team focuses on companies that are lagging in market price and are trading at a discount to their estimated intrinsic value relative to factors such as earnings and book value.

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks capital appreciation and income by investing in mid-and large-size companies in the United States.

The fund manages assets with the help of four investment advisors namely Hotchkis and Wiley Capital Management, LLC, Lazard Asset Management LLC, Sanders Capital, LLC, and Aristotle Capital Management.

The fund prefers a multi-manager investing approach to reduce volatility and downside risk. Each advisor independently selects and maintains a portfolio of common stocks for the fund.

The advisors’ investment process is designed to highlight undervalued companies that are out of favor with investors.

The process focuses on companies that are trading at below-averages prices in relation to valuation multiples such as earnings and book value, but have above-average dividend yields.